The Economic Record

1925 - 2025

Current editor(s): Paul Miller, Glenn Otto and Martin Richardson

From The Economic Society of Australia
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Volume 89, month 12, 2013

Macroeconomic and Welfare Effects of the 2010 Changes to Mandatory Superannuation pp. 445-468

George Kudrna and Alan Woodland

Does Coordination of Welfare Services Delivery Make a Difference for Extremely Disadvantaged Jobseekers? Evidence from the ‘YP-super-4’ Trial pp. 469-489

Jeff Borland, Yi-Ping Tseng and Roger Wilkins

The Immigrant Wage Gap and Assimilation in Australia: Does Unobserved Heterogeneity Matter? pp. 490-507

Robert Breunig, Syed Hasan and Mosfequs Salehin

Semi-parametric Forecasting of Spikes in Electricity Prices pp. 508-521

Adam Clements, Joanne Fuller and Stan Hurn

Effective Punishment Needs Legitimacy pp. 522-544

Xiaoting Zheng and Pu-yan Nie

Moral Hazard with Discrete Soft Information pp. 545-555

Guillaume Roger

The Determinants of RBA Target Rate Decisions: A Choice Modelling Approach pp. 556-569

Lee Smales

Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State, by Roman Frydman and Michael D. Goldberg ( Princeton University Press, Princeton, 2011 ), pp. xv + 285 pp. 570-573

Timo Henckel

The Financial Crisis of Our Time, by Robert W. Kolb, (Oxford University Press, 2011 ), pp. xii+ 400 pp. 573-574

Andrew Stoeckel

Positive and Normative Analysis in International Economics Essays in Honour of Hiroshi Ohta, by Murray C. Kemp, Hironobu Nagawa and Tatsuya Uchida (Palgrave McMillan, Basingstoke, Hampshire, 2012 ), pp. 274 pp. 574-576

Pasquale Sgro

The Bankers' New Clothes, by Anat Admati and Martin Hellwig ( Princeton University Press, Princeton, 2013 ), pp. xv + 398 pp. 576-577

Kevin Davis

The Failure of Judges and the Rise of Regulators by Andrei Shleifer ( MIT Press, Cambridge, Massachusetts, 2012 ), pp. 343 pp. 577-580

Flavio Menezes

The Tyranny of Utility – Behavioral Social Science and the Rise of Paternalism by Gilles Saint-Paul ( Princeton, Princeton University Press, 2011 ) pp. 174 pp. 580-582

Paul Frijters

Giving Kids a Fair Chance, by James J. Heckman ( MIT Press, Cambridge, Mass., 2013 ) pp. 137 pp. 582-584

Jeff Borland

An Economic Theory of Greed, Love, Groups, and Networks, by Paul Frijters and Gigi Foster ( Cambridge University Press, Cambridge, Mass., 2013 ), pp. 431 pp. 584-585

Pablo Guillen

Volume 89, month 09, 2013

An Equilibrium Model of General Practitioner Payment Schemes pp. 287-299

Donald Wright

Modelling the Relationship between Child Abuse and Long-Term Health Care Costs and Wellbeing: Results from an Australian Community-Based Survey pp. 300-318

Rebecca Reeve and Kees Gool

The Impact of Fertility on Mothers' Labour Supply in Australia: Evidence from Exogenous Variation in Family Size pp. 319-338

Julie Moschion

The Impact of Paid Maternity Leave Rights on Labour Market Outcomes pp. 339-366

Barbara Hanel

The Gender Pay Gap in the Australian Private Sector: Is Selection Relevant Across the Earnings Distribution? pp. 367-381

Yekaterina Chzhen, Karen Mumford and Catia Nicodemo

Job Mismatches and Labour Market Outcomes: Panel Evidence on University Graduates pp. 382-395

Kostas Mavromaras, Seamus McGuinness, Nigel O'Leary, Peter Sloane and Zhang Wei

How Do Stamp Duties Affect the Housing Market? pp. 396-410

Ian Davidoff and Andrew Leigh

Postcode-Level House Price Models for Banking and Insurance Applications pp. 411-425

Katja Hanewald and Michael Sherris

Why has China grown so fast for so long? by Khalid Malik (Oxford University press, India: New Delhi, 2012), pp. 254 pp. 426-427

Bingqin Li

Letters to A Young Scientist by Edward O. Wilson ( Liveright Publishing Corporation, New York, 2013 ), pp. 244 pp. 427-429

Benno Torgler

The Limits of Inference Without Theory, by Kenneth I. Wolpin ( MIT University Press, Cambridge, MA, 2013 ), pp. 192 pp. 429-432

Paul Frijters

The Great Recession: Lessons for Central Bankers, by Jacob Braude, Zvi Eckstein, Stanley Fischer and Karnit Flug ( MIT Press Cambridge Massachusetts and London England 2013 ), pp xii + 380 pp. 432-434

Stephen Grenville

Building Chicago Economics, by Robert van Horn, Philip Mirowski and Thomas A. Stapleford, ( Cambridge University Press, 2011 ), pp. 402 + lii pp. 434-436

William Coleman

Lectures on Urban Economics, by Jan K. Brueckner ( The MIT Press, Cambridge Massachusetts London, England, 2011 ), pp. 285 pp. 436-437

Valerie Kupke

Migration and the Welfare State, by Assaf Razin, Efraim Sadka and Benjarong Suwankiri ( The MIT Press, Cambridge, Massachusetts, 2011 ), pp. 184 pp. 437-439

Mathias Sinning

Measuring and Managing Federal Financial Risk, National Bureau of Economic Research Conference Report, edited by Deborah Lucas ( The University of Chicago Press, Chicago, 2010 ), pp. ix + 269 pp. 439-440

Ron McIver

Volume 89, month 06, 2013

Introduction by this Special Issue's Editors pp. 1-1

Lata Gangadharan and Jakob Madsen

Can We Still Defend Globalisation After the Current Crisis? pp. 2-7

Jagdish Bhagwati

Why Economics cannot Explain the Modern World pp. 8-22

Deirdre Nansen McCloskey

The State of Economics in 2012: Complacency Amid Crisis pp. 23-30

John Quiggin

The Distribution of Top Incomes in Five Anglo-Saxon Countries Over the Long Run pp. 31-47

Anthony Atkinson and Andrew Leigh

Calculating Poverty Measures from the Generalised Beta Income Distribution pp. 48-66

Duangkamon Chotikapanich, William Griffiths, Wasana Karunarathne and D.S. Prasada Rao

Oil Price Shocks and Volatility in Australian Stock Returns pp. 67-83

Ronald Ratti and M. Zahid Hasan

Emotional Temperature, Probabilistic Choice and the Optimal Power of Incentives pp. 84-94

Suren Basov

Cost-Based Anti-dumping as a Repeated Game pp. 95-105

Baomin Dong

The Narrowing of the Australian University Economics Curriculum: An Analysis of the Problem and a Proposed Solution pp. 106-114

Tim Thornton

Terms of Trade Shocks: What Are They and What Do They Do? pp. 145-159

Jarkko P. Jääskelä and Penelope Smith

Bank and Official Interest Rates: How Do They Interact over Time? pp. 160-174

Guay Lim, Sarantis Tsiaplias and Chew Chua

Gasoline Price Cycles Under Discrete Time Pricing pp. 175-193

Nicolas de Roos and Hajime Katayama

Private Health Insurance Status and Utilisation of Dental Services in Australia pp. 194-206

Sandra Hopkins, Michael P Kidd and Aydogan Ulker

Technical Change, Efficiency Change and Institutions: Empirical Evidence for a Sample of OECD Countries pp. 207-227

Sara Barcenilla-Visús, Jose Gomez-Sancho, Carmen López-Pueyo, María Jesús Mancebón-Torrubia and Jaime Sanaú

Predicting the ‘Global Financial Crisis’: Post-Keynesian Macroeconomics pp. 228-254

Steve Keen

Factors that Determine the Decline in University Student Enrolments in Economics in Australia: An Empirical Investigation pp. 255-270

John Marangos, Vasiliki Fourmouzi and Minoas Koukouritakis

The Federal Reserve and the Financial Crisis, by Ben S. Bernanke ( Princeton University Press, Princeton and Oxford, 2013 ), pp. 134 Getting it Wrong. How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, by William A. Barnett ( The MIT Press, Cambridge, Mass. and London, 2012 ), pp. 322 pp. 271-273

Selwyn Cornish

7 Myths about Women and Work, by Catherine Fox ( NewSouth Publishing, Sydney, NSW, 2012 ), pp. 274 pp. 274-275

Gigi Foster

Macroeconomic Theory: A Dynamic General Equilibrium Approach, 2nd edn, by Michael Wickens ( Princeton University Press, Princeton, NJ, 2011 ), pp. xvii + 616 front matter pp. 275-276

Richard Dennis

The Economics of Taxation (Second edition), by Bernard Salanié ( The MIT Press, Massachusetts Institute of Technology, Cambridge, 2011 ), pp. viii + 237 pp. 276-278

Maria Racionero

Trade and Industrial Development in East Asia: Catching Up or Falling Behind, by Peter C.Y. Chow ( Edward Elgar, Cheltenham, 2012 ), pp. 397 + x pp. 278-279

Hal Hill

The Clash of Economic Ideas: The Great Policy Debates and Experiments of the Last Hundred Years, by Lawrence H. White ( George Mason University, Cambridge University Press, New York, NY, 2012 ), pp. 438 pp. 280-281

William Coleman

Capitalist Revolutionary: John Maynard Keynes, by Roger E. Backhouse and Bradley W. Bateman ( Harvard University Press, Hardcover, Cambridge, MA, 2011 ), pp. 208, ISBN 9780674057753 pp. 281-282

Alex Millmow

Volume 89, month 03, 2013

Buyer Groups, Antitrust and Outsiders pp. 1-18

Stephen King

Cognitive Skills, Gender and Risk Preferences pp. 19-30

Alison Booth and Pamela Katic

Means-Tested Public Pensions, Portfolio Choice and Decumulation in Retirement pp. 31-51

Hardy Hulley, Rebecca McKibbin, Andreas Pedersen and Susan Thorp

Do Immigrants Save Less than Natives? Immigrant and Native Saving Behaviour in Australia pp. 52-71

Asad Islam, Jaai Parasnis and Dietrich Fausten

Does Performance-Based Compensation Boost Economic Growth or Lead to More Income Inequality? pp. 72-82

Juin-jen Chang, Chia-ying Liu and Hsiao-wen Hung

Using Panel Co-Integration Methods To Understand Rising Top Income Shares pp. 83-98

Timothy Neal

Deterministic and Stochastic Three-Sector Dynamic Growth Model with Endogenous Labour Supply pp. 99-111

Loretti Dobrescu, Mihaela Neamtu and Dumitru Opris

The Audit We Had to Have: The Economic Record, 1960–2009 pp. 112-128

Alex Millmow and Jacqueline Tuck

Guardians of Finance, by James Barth, Gerard Caprio and Ross Levine ( MIT Press, Cambridge, MA, 2012 ), pp. xiii + 280 pp. 129-130

Glenn Boyle

The Delusions of Economics, by Gilbert Rist ( Zed Books, London & New York, 2011 ), pp. 212 pp. 130-132

Uwe Dulleck

Interpreting and Visualizing Regression Models Using Stata, by Michael N. Mitchell ( Stata Press, College Station, Texas, 2012 ), pp. xxix + 558 pp. 132-134

Gigi Foster

Economics Evolving: A History of Economic Thought, by A. Sandmo ( Princeton University Press, Princeton, NJ, 2011 ), pp. 489 pp. 134-135

Cameron Gordon

Globalization for Development –Meeting New Challenges, by Ian Goldin and Kenneth Reinert ( Oxford University Press Inc., New York, 2012 ), pp. 337 pp. 135-137

Suiwah E. Leung

Finance and the Good Society by Robert Shiller ( Princeton University Press, Princeton, NJ, 2012 ), pp. xvi + 288 pp. 137-138

Barry Oliver

Monetary Policy and Financial Stability - A Post Keynesian Agenda, by Claude Gnos and Loius-Philippe Rochon ( Edward Elgar, Cheltenham, UK, 2009 ), pp. Xv + 271 pp. 138-140

Colin Rogers

Debunking Economics – Revised and Expanded Edition: The Naked Emperor Dethroned ? by Steve Keen ( Zed Books, London/New York, 2011 ), pp. xviii + 478 pp. 140-141

Declan Trott